Thailand: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Thailand

The Thai uncooked pasta market shrank to $X in 2021, reducing by -11.6% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then fell in the following year.

Uncooked Pasta Production in Thailand

In value terms, uncooked pasta production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 30%. As a result, production reached the peak level of $X, and then reduced in the following year.

Uncooked Pasta Exports

Exports from Thailand

Uncooked pasta exports from Thailand rose significantly to X tons in 2021, increasing by 11% compared with the previous year. In general, total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -18.0% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 27% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, uncooked pasta exports stood at $X in 2021. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Malaysia (X tons) and Canada (X tons) were the main destinations of uncooked pasta exports from Thailand, with a combined 37% share of total exports. The Netherlands, Japan, the UK, South Korea, Lao People's Democratic Republic, Australia, France, Hong Kong SAR, Sweden and Belgium lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +10.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for uncooked pasta exports from Thailand, comprising 20% of total exports. The second position in the ranking was held by Japan ($X), with a 9.8% share of total exports. It was followed by the Netherlands, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+0.0% per year) and the Netherlands (+11.4% per year).

Export Prices by Country

The average uncooked pasta export price stood at $X per ton in 2021, increasing by 1.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 41% against the previous year. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Uncooked Pasta Imports

Imports into Thailand

Uncooked pasta imports into Thailand dropped to X tons in 2021, declining by -12% compared with the year before. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +10.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 26%. Imports peaked at X tons in 2020, and then dropped in the following year.

In value terms, uncooked pasta imports declined to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 14%. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

Italy (X tons), Indonesia (X tons) and Turkey (X tons) were the main suppliers of uncooked pasta imports to Thailand, with a combined 79% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +35.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Indonesia ($X) and Japan ($X) constituted the largest uncooked pasta suppliers to Thailand, with a combined 74% share of total imports. Turkey, South Korea, Australia and Vietnam lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, Turkey, with a CAGR of +35.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average uncooked pasta import price stood at $X per ton in 2021, surging by 4.8% against the previous year. In general, the import price, however, showed a perceptible slump. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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